Cryptocurrencies increasingly used in India’s real-money gaming sector

Cryptocurrencies are gaining traction in India’s real-money gaming (RMG) sector as operators and users seek alternatives to conventional payment systems. With banks tightening oversight of gaming transactions and regulatory restrictions increasing, crypto deposits and withdrawals are increasingly being used to access betting platforms. While some users view crypto as a convenient method to bypass financial controls, this trend raises concerns among regulators regarding anti-money laundering (AML), transparency, and user protection. Industry watchers say these developments underscore the challenges for India’s regulator in adapting to novel fintech integrations amid a fast-evolving digital ecosystem.